New York, NY, April 06, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “E-learning Market By Provider (Content Provider and Service Provider), Deployment Mode (Cloud and On-premise), by Course (Primary and Secondary Education, Higher Education, Online Certification and Professional Course, Test Preparation), by Enterprise (SMEs and Large Enterprises) and By Region Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”.
“The research report on global E-learning Market was estimated at USD 144 Billion in 2019 and is expected to reach USD 374.3 Billion by 2026. The global E-learning Market is expected to grow at a compound annual growth rate (CAGR) of 14.6% from 2019 to 2026”.
E-learning or electronic learning is an activity of learning or training through digital resources. E-learning is based on formalized education but is provided on electronic devices such as a computer, mobile, and other handheld devices. When it comes to education there are two types formal and informal, E-learning was the part of the informal education system but nowadays the boundaries between two systems are getting blur and it is catering to the needs of both the system. Important factors for the rise in e-learning and its adoption rate are telecommunication revolution due to penetration of internet services, development of multimedia by use of images, videos, and graphics have played important role in increasing the engagement of pupils, e-learning also became popular due to affordable digital devices which played an important role to strengthen the pull factor, improvements in learning management solutions like a transition to the cloud has increased its functionality and reliability. All these factors have made e-learning a popular mode of education.
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Key Questions Answered in this Report
1) What were the pre and post-business impacts of COVID-19 on the E-learning Market?
2) What is the market size, share of the E-learning Market?
3) Who are the top market players in E-learning Market?
4) What will be the future market of the E-learning Market?
Key Insights from Primary Research
- Increased demand for E-learning due to technological advancements has increased the affordability and accessibility of electronic devices.
- Rising demand for online certification and professional courses due to rapid technological transformations.
- Developments in multimedia such as VR and AR have further increased the interest in e-learning.
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This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the E-learning industry. The report analyzes and declares the historical and current trends analysis of the E-learning industry and subsequently recommends the projected trends anticipated to be observed in the E-learning market during the upcoming years.
The E-learning market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire E-learning market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
Industry Major Market Players
- Aptara, Inc.
- Adobe Systems Inc.
- Cornerstone
- Citrix Education
- Meridian Knowledge Solutions
- Microsoft Corporation
- SAP SE
- NetDimensions.
- Oracle Corporation
- Cisco Systems Inc.
- Learning Pool
- Apollo Education Group
- CERTPOINT Systems Inc.
- Allen Interactions Inc.
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The E-learning market is bifurcated into various categories like primary and secondary supplemental education, higher education, test preparation, reskilling and online certification market, and language and casual learning. The current user base of the e-learning platform consists of students and working professionals. Primary and secondary supplemental education is dominated by students whereas the reskilling and online certification category is dominated by working professionals, and the test preparation category is dominated by both students and working professionals. The E-learning market is catered by a variety of players ranging from small and medium players to large corporations. It is seen that the test preparation category has the presence of small and medium-sized enterprises whereas the reskilling and online certification category is dominated by large corporations. During the period of the pandemic when most of the people preferred to stay at home, it was seen that trends of casual learning such as music, storytelling, drawing, etc started emerging and became very popular in recent times. Though this section is yet to be organized, it is anticipated that with more penetration of the digital revolution, this section will play an important role in the growth of the e-learning market.
Growth Drivers
The demand for E- learnings is expected to be driven by a variety of factors. The important factor for the growth of e-learning is the telecommunication revolution which has the internet affordable and accessible to vast populations. Similarly, the digital revolution has resulted in affordable electronic devices that have increased the demand for e-learning. E-learning is also playing an important role in strengthening the primary and supplementary education system. Defects informal education system is minimized by utilizing the tools offered by the digital education system. It has helped to move away from one size fits all approach and paved the way for providing customized education that has played an important role in increasing learnability. Additionally, rapid transformation in technology and disruptive innovations has led to the tremendous demand for continuous skilling and upskilling to stay relevant in the job market. This in turn has increased the demand for professional courses through an e-learning platform. However, the increase in screen time and rising concerns related to it is one of the important restraining factors for the growth of the market.
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Also Read: U.S. Education Market Size & Share 2020-2026 Research Report
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the E-learning sector. Key strategic developments in the E-learning market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the E-learning market are appropriately highlighted in the report.
The global E-learning market is experiencing significant growth that is expected to continue over the upcoming years. With a massive rise in the demand for Media and Entertainment, Construction is likely to act as a key driver of the global E-learning market.
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E-learning Market: Key Segments
The E-learning market is segmented based on, provider, courses, deployment, enterprises, and region. On the basis of Provider segmentation, the market is classified into the Content Provider and Service Provider. In terms of Deployment segmentation, the market is bifurcated into Cloud and On-premise. With respect to Courses market is divided into Primary and Secondary Education, Higher Education, Online Certification and Professional Course, Test Preparation. In terms of Enterprise, the segment market is divided into SMEs and Large Enterprises.
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E-learning Market: Regional Analysis
In terms of geography, the APAC region will show considerable growth in the market owing to increased demand from India and China due to increasing literacy rate, high youth population, and government initiative to bridge the digital divide. Similarly, North America and Europe will drive the e-learning market through technological development and innovations. Lain America and Africa region will also register growth due to demand from primary and supplementary education.
Browse the full “E-learning Market By Provider (Content Provider and Service Provider), Deployment Mode (Cloud and On-premise), by Course (Primary and Secondary Education, Higher Education, Online Certification and Professional Course, Test Preparation), by Enterprise (SMEs and Large Enterprises) and By Region Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” report at https://www.fnfresearch.com/e-learning-market
The taxonomy of the E-learning Market by its scope and segmentation is as follows:
Global E-learning Market: Provider Analysis
- Content Provider
- Service Provider
Global E-learning Market: Deployment Mode Analysis
- Cloud
- On-premise
Global E-learning Market: Course Analysis
- Primary and Secondary Education
- Higher Education
- Online Certification and Professional Course
- Test Preparation
Global E-learning Market: Enterprise Analysis
- SMEs
- Large Enterprises
Key Recommendations from Analysts
- There is a huge demand for E-learning as it can be customized according to one's pace of learning and understanding and it offers various tools that increase the engagement of the learners.
- APAC region is anticipated to a larger share of the E-learning market in the upcoming years.
- Online Certificate and Professional course segments are seen as major driving segments of the market in the forecast period.
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